XML 16 R3.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Net sales    
Net sales $ 2,960.4 $ 2,929.6
Cost of sales    
Cost of sales 2,389.9 2,334.8
Operating expenses    
Selling, general and administrative expenses 326.0 335.1
Sale and leaseback transaction, gain (loss), net 24.5 0.0
Depreciation and amortization 157.3 181.6
Restructuring, impairment and transaction-related charges 18.9 124.1
Total operating expenses 2,867.6 2,975.6
Operating income (loss) from continuing operations 92.8 (46.0)
Interest expense 59.6 68.8
Net pension income (14.5) (10.5)
Loss on debt extinguishment 0.7 1.8
Earnings (loss) from continuing operations before income taxes and equity in (earnings) loss of unconsolidated entity 47.0 (106.1)
Income tax expense 9.5 0.3
Earnings (loss) from continuing operations before equity in (earnings) loss of unconsolidated entity 37.5 (106.4)
Equity in (earnings) loss of unconsolidated entity (0.3) 0.2
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest, Total 37.8 (106.6)
Loss from discontinued operations, net of tax 0.0 (21.9)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest, Total 37.8 (128.5)
Less: net loss attributable to noncontrolling interests 0.0 (0.2)
Net earnings (loss) attributable to Quad common shareholders $ 37.8 $ (128.3)
Earnings (loss) per share attributable to Quad common shareholders    
Basic (in dollars per share) $ 0.74 $ (2.53)
Basic, continuing operations (in dollars per share) 0.74 (2.10)
Basic, discontinued operations (in dollars per share) $ 0 $ (0.43)
Weighted average number of common shares outstanding    
Basic (in shares) 51.3 50.6
Diluted (in shares) 53.0 50.6
Product    
Net sales    
Net sales $ 2,247.1 $ 2,228.7
Cost of sales    
Cost of sales 1,861.0 1,831.5
Service    
Net sales    
Net sales 713.3 700.9
Cost of sales    
Cost of sales $ 528.9 $ 503.3